TABR Capital Management LLC Buys 29,121 Shares of PGIM Ultra Short Bond ETF $PULS

TABR Capital Management LLC grew its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 32.1% during the 4th quarter, Holdings Channel reports. The firm owned 119,927 shares of the company’s stock after purchasing an additional 29,121 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 1.5% of TABR Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. TABR Capital Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $5,947,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC boosted its position in PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after buying an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter worth approximately $30,000. Rossby Financial LCC bought a new position in shares of PGIM Ultra Short Bond ETF in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after acquiring an additional 513 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after acquiring an additional 594 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA PULS opened at $49.66 on Wednesday. The stock’s 50 day simple moving average is $49.64 and its 200 day simple moving average is $49.69. PGIM Ultra Short Bond ETF has a one year low of $49.44 and a one year high of $49.84. The firm has a market cap of $14.57 billion, a PE ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1654 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is presently -111.06%.

PGIM Ultra Short Bond ETF Profile

The PGIM Ultra Short Bond ETF (PULS) is an exchange-traded fund that is based on the ICE BofAML USD Libor 3 Month index. The fund is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation. PULS was launched on Apr 5, 2018 and is managed by PGIM.